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Comment by Michael Barr

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Federal Reserve Governor; former U.S. Treasury Assistant Secretary for Financial Institutions; law professor at the University of Michigan
With a vastly more productive economy, but much less demand for labor, society would have to rethink the social safety net to ensure that the gains from unprecedented economic growth are shared rather than concentrated among a small group of capital holders and AI superstars. Unverified source (2026)
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Policy proposals and claims
Governments should tax capital, not labor, as AI makes human work less central to the economy
replying to Michael Barr